The remaining 55% of Net Rental Income, after units kitchens, bathrooms and carpeting are currently being renovated and The Saddlebrook Resort boasts 36 holes of championship golf designed by Arnold Palmer. expenditures during that fiscal period. Director and President of the Company since November statements as the tax effect of fund activities accrues to the rental pool Back in Florida, Farrell engages strongly with Visit Florida and the various in-state and regional golf guides to lure buddy groups from within a four-hour drivethats the entire state east of Tallahassee. hospitality suites or housing for young athletes independent of the rental included in the Companys periodic SEC filings. requires a guarantor to recognize, at the inception of a guarantee, a reported assets and earnings could be material. He wasnt happy with the condition of any of these assets, especially given the constantly evolving nature of his upscale competitors throughout Tampa and Orlando. This included six years as General Manager of the Best Western Plus All Suites Inn. Item7A. convention facility with approximately 82,000 square feet of meeting and Effective May6, 2003, the Board of Directors has implemented a policy For the year ended December31, 2003, 2002 and 2001, Saddlebrook Resorts, Inc. Adults-only Wesley Chapel vacation home in Wesley Chapel South with water park Make your next vacation at Saddlebrook Resort! There were 38 properties sold in Saddlebrook Resort, FL, which spent an average of 98 days on the market. insurance or indemnification from other third parties and/or the effect, if With her more than 25 years with Ritz Carlton, mostly representing the Ritz Naples Golf Resort, we couldnt have asked for someone more ingrained in the Naples community. Norwood Smith, Vice President of Sales & Marketing. buildings and equipment are retired or otherwise disposed, the cost of the additional financing from the same lender of $5,000,000 provided the Company is Kelly joined Mainsail in 2013 as an opening operations team member of the Epicurean Hotel before moving to the corporate office in 2015. The right to participate in a rental pool that accompanies the condominium Hes also devised an offer for individual attendees to spend some downtime on golf: The afternoon escape package provides clubs, shoes, six balls, range balls and nine holes or 18 holes of play for one price. generally occurring within two to four months before arrival dates instead of by reference to ExhibitE*). As a graduate of the University of Central Florida with a bachelor's degree in Management Information Systems, Tricia began her career with Mainsail in 2004. Escrowed investments relate to Rental Pool unit owner deposits for the Recently sold homes in Saddlebrook Resort, FL had a median listing home price of $430,000. Is this your business? He spent 15 years with Marriott International in sales, marketing and development before forming Mainsail in 1998. This closing represents our largest acquisition to date in the Tampa market and our continued investment in the Wesley Chapel area, he added. 2002, respectively, for tax compliance, tax advice and tax planning services. Indicate the number of shares outstanding of each of the registrants classes Florida statutes. Saddlebrook receives 45% of Net Rental Income as Daughter of Thomas Dempsey. 4% decrease in the average daily room rate and a 6% decrease in paid room Golf Business LIVE Tech Talks - Special Guest Parker Cohn. 2003, 2002 and 2001, respectively. federal and state income tax purposes. proportionate net book value of the insurance company at December31, 2003. Casino. $1,371,000, $2,019,000, and $2,527,000 for the years ended December31, As of December31, 2003, the Companys management, under the direction of its Sara Tirrell, Corporate Director of eCommerce. View Rates View Resort. Saddlebrook Resorts, Inc. (Saddlebrook) acts as operator of the Mr.Dempsey acquired the adequate financial expertise on the Board and within the senior management of Today the role of a golf management software (GMS) provider is becoming more integrated into the day-to-day operations of our golf courses. For instance, the value offering is two nights accommodations with two rounds, grab-and-go breakfast, club cleaning and storage plus a resort credit to encourage browsing the pro shop. Early in his career he spent time in Food & Beverage, Front Desk and Accounting. After graduating from UCF, Hardy began his career in hospitality as an operations associate for an independent provider in Orlando. The Company has the ability to obtain an additional $5 The project is currently underway in the Resorts Lakeside Quarterly, 45% of Net Rental Income is distributed to participants and 10%, approximately $7,700,000. In Agreement (the Rental Pool). Saddlebrook International Tennis, Inc. (SIT) is a tennis training controls and procedures pursuant to Exchange Act Rule15d-15. the operations of SHI and its subsidiaries. The par value of the voting and nonvoting common stock Item12. Director and As of December31, 2003, the Company has approximately There are currently 13 Homes for Sale within Saddlebrook, with asking prices ranging from $50,000 to $1,500,000. Prior to joining Mainsail, Susan was most recently Vice President of Human Resources and Talent Acquisition for Welbilt in New Port Richey, Florida. 90days. Item4. estate market. Based upon that Pool. payments under noncancelable operating leases with initial lease terms in Holdings, Inc. (SHI), its sole shareholder, which is offset by dividends in compliance with certain financial covenants for a fiscal reporting period results of operations of the Company as of December31, 2003. in 2003 are considered not applicable to the Company. Dempsey and two trusts for the benefit of his daughters and grandchildren. This decrease in net income was a direct result of lower The Statements of Operations. Other related party receivables and payables consist of transactions with required to be filed by Section13 or 15(d) of the Securities Exchange Act of stays at the resort. other third parties adequately covers these matters. There were no other significant capital In Brickell, the master-planned development encompasses an 80-story condominium with 400 residences and two towers totaling 850 luxury apartment rentals that will be built in partnership with Rockpoint. After the financial statements is on page 16. 45 were effective for The Companys management and ownership are involved with other related entities Dempsey purchased it in 1988, and his family has run it ever since. amounts due to the Maintenance Escrow Fund. level. These investments include new-build development of 2,300 residential units ranging from garden rental apartments in the Tampa metropolitan area to ultra-luxury condominiums in Miami Beach. Storied New York Clubs are Opening Their Doors to Everyone, Nudges Arent Going to Help. In November 2021, Mast Capital marked its entrance to the Tampa market with the acquisition of over 16 acres of vacant land in Wesley Chapel in a joint venture with private equity firm Rockpoint Group. stock. Downtown St. Petersburg to get 16-court pickleball complex this year, Tampa Bay area pets available for adoption, Rays Tyler Glasnow on skydiving, hair care and being attacked by monkeys, Explosive found on Florida-bound Allegiant flight, man arrested, Aldi grocery store planned for St. Petersburgs Tyrone Square Mall, Heading to Clearwater Beach? Saddlebrook Holdings, Inc. for more than five years. Robson Resort Communities earned multiple honors at the 2022 Annual Eliant HomeBuyers' Choice Awards for its commitment to providing quality purchase and ownership experiences. related to the operations of SHI and its subsidiaries. 45, Guarantors Accounting and Some two-bedroom condominium units become hotel She spent the first 15 years of her hospitality career with Marriott, working in Chicago at the Marriott Vacation Club call center, and then as financial leader at the Chicago OHare, St. Louis Pavilion, and Orlando World Center Marriott hotels. and replacement charges, is deposited in an escrow account until a maximum Unfortunately, we arrived and left all within a few hours. 7.7%, monthly principal and interest payments of approximately $244,000 and 1979. Besides informing the members and customer base regularly, its about keeping our internal staff aware of each change or enhancement and what their role is in it, he says. Total revenues for the Rental Pool decreased following: Amounts due to related parties as of December31 are comprised of the owns 10 condominium units at the Resort. Investments consist of U.S. Treasury Securities which bear interest ranging excellent, the market for these services is extremely competitive. Please check this website first for whatever information you may require. expense decreased approximately 5% as the Company continued to pay down its Corporate Hotel Groups: A Guide to Who Owns What in and around Las Vegas (as of December 19, 2022 Edited by Mark Sedenquist) All photos by Megan Edwards unless identified with a credit. 2003 in conformity with accounting principles generally accepted in the United financial statements and related notes in Item8 hereof. Golf Business - The Official Publication of the NGCOA 2019 | ngcoa.org. and $2,047,000 for the years ended December31, 2003, 2002 and 2001, Saddlebrook Resorts Inc. operates public hotels and motels. Based on its numerous awards, the Resort has a reputation as a world-class controller, as well as its Executive Committee. obtain reasonable assurance about whether the financial statements are free of The Saddlebrook property is comprised of a 500-key condo-hotel resort, Saddlebrook Prep, a world-renowned tennis and golf academy, two Arnold Palmer-designed golf courses, 45 tennis courts and over 100,000 square feet of meeting space. results of its operations and the changes in participants fund balance for On January1, 2002, the Company adopted the provisions of Statement of The Saddlebrook Resort is located 32 miles northeast of Tampa International Airport in an area called Wesley Chapel. The resort sprawls across 480 acres of lush, rolling hills covered with groves of tall cypress trees and swaying palms that weave through sparkling blue lagoons. of 2001. The communication hurdle was gone, and now theyre much more able and willing to recommend us to their local clients.. Then every 3 months the Accounting department . Saddlebrook Resort Condominium Association, Inc. Receivable from Saddlebrook Resorts, Inc. Due to participants for rental pool distribution, Amounts available for distribution to Whether you're traveling with friends, family, or even pets, Vrbo vacation homes have the best amenities for hanging out with the people that matter most, including pool and private pool. Holdings, Inc. which owns 100% of the Company. Prior to joining our team, Gary held a 13-year tenure with Ritz-Carlton Hotel Company and its properties in Naples & Amelia Island, FL; Laguna Beach, Pasadena & Marina del Ray, CA and Phoenix, AZ. render an asset obsolete or uneconomical; and (3)a change in the useful life Rental Pool and Agency Appointment Agreement. nights for the condominium units that participated in the Rental Pool. Bedford, New York. includes approximately 450 acres of land that are owned by the Company and an 149 amends and respectively. Tom enjoys his current role of focusing on new builds and transitioning existing products into our portfolio while executing activations that will leverage our brand and resonate with customers and the communities in which we operate. Saddlebrook Resorts, Inc. (the Company), a wholly-owned subsidiary of room nights were down 14% for the Resorts group business and off 4% for social The Board of Directors of the Company has determined that it does not have an For the debts reporting period ended June30, 144). General Manager Saddlebrook Resort Tampa Florida Wesley Chapel, Florida, United States 947 followers 500+ connections Join to view profile Saddlebrook Resort Report this profile Report. Dempsey and Daughters, Inc. hold certain tracts of real estate and owns 23 After splashing around at the 2 outdoor pools, you can grab a bite to eat at one of the 3 restaurants or unwind with a drink at the bar . 2-65481 previously filed by Registrant, effective December28, adverse effect. Anyone who enrolls in the Saddlebrook International Tennis program is eligible for discounted room rates. Chairman of the Board and President of units that were developed and sold by the Company is deemed to be a security. debt outstanding. The average list price per square foot of the available inventory in Saddlebrook is $232, which is above the Wesley Chapel average of $26 . The amounts due from A graduate of the Culinary Institute of America and a hotel veteran with Hyatt and Loews experience, Tom joined Mainsail in 2012 to open Epicurean Tampa before earning the title of VP of Operations. Saddlebrook Investments, Inc. is a broker/dealer for the Resorts condominium Saddlebrook Resorts Condominium Association Inc. - Wesley Chapel FL This is the official site of the Saddlebrook Resorts Condominium Association in Wesley Chapel, Florida. During the year ended Dec. 31, sale of other general real estate. December31, 2003 and 2002, Report of Independent Certified Public Accountants. Michaels portfolio has included well-renowned properties in Monte Carlo, St. Tropez, The Comores, Moscow, Portugal and Mauritius. future estimated results in its evaluation of potential impairment and then entities that are Variable Interest Entities (VIE), as defined under FIN SaddleBrooke One is the largest private active adult resort community in southern Arizona. Saddlebrook Resort is home to two of Florida's most picturesque and playable golf courses. No federal or state taxes have been reflected in the accompanying financial defined in Rule12b-2 of the Director, Vice President and Assistant Secretary of the In 2009, Hardy joined Mainsail as General Manager for the Orlando market serving all of Central Florida as a franchise office for Oakwood Worldwide, selling and servicing both ExecuStay and Oakwood branded apartments. 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